Beruflich Dokumente
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• Passed as Banking Companies Act 1949 (came into effect from 16th March 1949)
changed to Banking Reg. Act 1949 w.e.f. 1st March 1966.
• Since 1956, applicable throughout India including J&K.
• Act not applicable to Primary Agril. Credit Societies, co-op . land mort. banks &
non ag. Primary credit societies.
Sec.5 (c ):- Banking Company means any company which transacts the business of
banking.
Sec.5(f):- Demand liabilities are liabilities which must be met on demand & time
liabilities means liabilities which are not demand liabilities.
Sec.5(h):- Secured loan or adv. means a loan or adv. Made on security of assets, the
market value of which is not at any time less than the amount of such loan or advances &
unsecured loan or advances means a loan or advancers not so secured.
Sec.9:- Immovable Property prohibited – except for its own use for a period exceeding
-7- years – RBI may extend period.
Sec.14-1:- Prohibits a banking Co. from creating a charge upon any unpaid capital of
Company.
Sec.17:- To create Reserve Fund not less than 25% of net profit to be transferred to
Reserve Fund w.e.f. 31st March 2001
Sec.19(2):- No banking Co. shall hold shares in any company whether as pledgee,
mortgagee or absolute owner of an amount exceeding 30% of its own paid up capital+
reserves OR 30% of paid up share capital of that Co. whichever is
less.
Sec.20:- Banks cannot grant loans against security of their own shares.
Sec.24 ( 2-a) SLR:- Maintain a % of its demand & time liabilities by way of Cash + Gold
+ Unencumbered Securities – 25% to 40% . Present 25%.
Sec.26:- Unclaimed Deposit: Return of unclaimed deposits (10 yrs. & above) within
-30- days of close of financial year to RBI.
Sec.29:- Banks to publish its B/S on Form A & P/L A/c on Form B (as per 3rd schedule)
on the last working day of March every year.
Sec. 36:- RBI can terminate any Chairman / employee when considered desirable.
Sec.45:- RBI – powers to apply to Central Govt. for suspension of business by a banking
Co.& prepare a scheme of reconstitution or amalgamation.
Sec.452:- Banks can return the unpaid instrument by keeping a true copy. Customer to
undertake to preserve the instruments as prescribed by Central Govt.
Sec.49(A):- Other than a banking Co./ RBI/ SBI, no person can accept deposits of money
withdrawable by cheque.
Bank Donation:- Profit making banks, 5% of published net profits of previous year &
loss making banks Max Rs.5/- Lacs.
Classification of Branches
Rural Less than 10000.
Semi-Urban:- 10000 & above, below 1 Lac.
Urban:- 1 Lac & above – less than 10 Lacs.
Metro:- 10 Lacs & above.
(NABARD & NHB – Rural not exceeding 50000)
Sec.45:- ZA to ZF – Nomination
Facility on bank deposits, safe deposit of articles & lockers.
Notification Dt. 29-03-1985
Nomination Provisions
Type of A/c Nature of A/c No. of Nominees
Deposit Single / Joint One Only
Safe Custody Only Single One Only
Lockers Single One Only
Lockers Joint – E/S One Only
Lockers Joint – F/S One Only
Lockers Joint Operation Each one can nominate one (Max – 2 )